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Written by three of the world's leading experts on particle physics and the standard model, including an award-winning former director general of CERN, this book provides a completely up-to-date account of gauge theories. Starting from Feynman’s path integrals, Feynman rules are derived, gauge fixing and Faddeev-Popov ghosts are discussed, and renormalization group equations are derived. Several important applications to quantum electrodynamics and quantum chromodynamics (QCD) are discussed, including the one-loop derivation of asymptotic freedom for QCD.